YUANFUDAO

Yuanfudao Raises US$2.2 Billion in New Financing, Valuing the Company at US$15.5 Billion, Becoming the Most Valued Ed-Tech Company Worldwide

Retrieved on: 
Thursday, October 22, 2020
Companies of China, Investment, Finance, Nanshan District, Shenzhen, RSS, Tencent, Unicorn, IDG Capital, Accel, Hillhouse Capital Group

The G1 financing round was led by Tencent, with participation from Hillhouse Capital, Boyu Capital and IDG Capital.

Key Points: 
  • The G1 financing round was led by Tencent, with participation from Hillhouse Capital, Boyu Capital and IDG Capital.
  • Yuanfudao's latest financing rounds increased the Company's valuation to US$15.5 billion, making it the most valuable technology-driven education unicorns in the world.
  • The new funding will allow Yuanfudao to further capitalize on its educational technology innovation, accelerate new curriculum product development and expand its online education service system.
  • The Company has self-developed a variety of online education products including YUANFUDAO APP, YUANTIKU, XIAOYUANSOUTI, XIAOYUANKOUSUAN, Zebra AI Course and YUANFUDAO.